Raymond James Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price target boosted by equities researchers at Raymond James from C$47.00 to C$48.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 7.60% from the stock’s previous close. Raymond James also issued estimates for Keyera’s FY2027 earnings at $2.62 EPS and FY2028 earnings at $3.10 EPS.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. ATB Capital boosted their price target on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. National Bankshares raised their price objective on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Citigroup upped their target price on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Finally, Royal Bank of Canada raised their price target on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Keyera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$43.62.

Keyera Stock Down 0.7 %

TSE:KEY opened at C$44.61 on Wednesday. The company has a market cap of C$10.22 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a twelve month low of C$31.16 and a twelve month high of C$47.90. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The stock has a fifty day simple moving average of C$44.39 and a 200-day simple moving average of C$40.68.

Insider Activity

In other news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.